Country's Creditors Lower Target to €1.5 billion from €3.5 billion

ATHENS—Greece's international creditors have agreed to cut its privatization target for the current year, the head of the country's asset-sale agency said Thursday.

The asset sales target has been lowered to €1.5 billion ($2.06 billion) in 2014 from a previous figure of €3.5 billion, Ioannis Emiris, chief executive of the Hellenic Republic Asset Development Fund, told reporters. The target has also been revised for the next year to...